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| 1. |  | **General Representations and Warranties**: The relevant Seller in respect of each
Aircraft represents and warrants to the relevant Purchaser in respect of such Aircraft that
the following statements are now and on the relevant Delivery Date will be, true and accurate: |
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| 1.1 |  | such Seller duly exists under the laws of Ireland and has the power to enter into and
implement the transactions contemplated by the Transaction Documents relating to such Aircraft
to which it is a party; |
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| 1.2 |  | the execution, delivery and performance of the Transaction Documents relating to such
Aircraft to which it is a party have been duly authorised by all necessary corporate action on
the part of such Seller; |
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| 1.3 |  | the Transaction Documents relating to such Aircraft to which it is a party constitute
legal, valid and binding obligations of such Seller; |
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| 1.4 |  | each consent required by such Seller to authorise, or required by it in connection
with the execution, delivery, performance, legality, validity or enforceability of the
Transaction Documents relating to such Aircraft to which it is a party has been obtained and
is in full force and effect, and there is no default in the observance or performance of any
of the conditions and restrictions (if any) imposed on or in connection therewith; and |
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| 1.5 |  | the execution, delivery and performance by such Seller of the Transaction Documents
relating to such Aircraft to which it is a party will not (i) conflict with, or result in any
material breach of, any of the terms of, or constitute a default under, any agreement or